Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Opendoor Technologies, Medical Properties Trust, and Kilroy Realty Stocks All Popped on Thursday

TheMotleyFool

0 0

Why Opendoor Technologies, Medical Properties Trust, and Kilroy Realty Stocks All Popped on Thursday: https://g.foolcdn.com/editorial/images/783167/new-listing-sign-home-for-sale.jpg

Shares of Opendoor Technologies (NASDAQ: OPEN) stock jumped 6.6% through 12:15 p.m. ET Thursday, and it's not the only winner in the real estate sector today. Real estate investment trusts (REITs) Medical Properties Trust (NYSE: MPW) and Kilroy Realty (NYSE: KRC) also spiked in morning trading, albeit with caveats.

As morning turns to afternoon, Kilroy stock is maintaining its momentum with a 5.7% gain, while Medical Properties Trust has abruptly turned tail. Fifteen minutes past the noonday mark, its early gains have turned into a 2% loss.

So what's the unifying factor behind all these real estate stock moves? Inflation. And interest rates.

Source Fool.com

Like: 0

OPEN

Share